HireVue is a leading provider of e-recruitment technology that leverages artificial intelligence (AI) to facilitate the hiring process. Founded in 2004 and headquartered in South Jordan, Utah, HireVue offers a comprehensive platform for video interviewing and candidate assessments. The platform enables recruiters and hiring managers to conduct live and recorded interviews over the internet, significantly speeding up the screening process while ensuring compliance and reducing travel costs. HireVue's technology includes game-based cognitive assessments and AI-driven evaluations that analyze candidates' verbal and facial cues to predict job performance. The platform supports multiple languages, enhancing its global reach. Over the years, HireVue has evolved its AI capabilities to improve the accuracy of its assessments and has integrated with platforms like Microsoft Teams. Despite some controversy over its use of facial recognition, which was discontinued in 2020, HireVue remains a pioneer in the field of human resources technology, serving major clients like Nike, Starbucks, and Walmart.
HireVue was founded in 2004 by Mark Newman, who was then a 20-year-old undergraduate at Westminster College. The company is headquartered in South Jordan, Utah. Initially, HireVue facilitated long-distance job interviews by sending candidates webcams. Over time, the company evolved to offer digital interviewing solutions where candidates interact with a computer instead of a human interviewer. By 2012, HireVue had secured major clients like Nike, Starbucks, Walmart, Geico, and Hasbro.
HireVue has raised significant funding over the years:
Series A: February 2008
Series B: July 2010
Series C: August 2012 ($17 million)
Series D: October 2013 ($25 million)
Series E: June 2015
Private Equity Round: October 2019
The company has raised a total of $93 million and was valued at $150 million in 2021. In 2019, HireVue was acquired by the Carlyle Group, with an implied valuation between $300 million to $400 million.
HireVue's platform includes:
Video Interviews: One-way and live video interviews.
Assessments: AI-driven assessments to evaluate candidates' skills and potential.
Scheduling and Coordination: Tools to streamline the interview scheduling process.
Integration: Seamless integration with applicant tracking systems and platforms like LinkedIn and Microsoft Teams.
The company leverages AI and machine learning to analyze video interviews, providing insights into candidates' verbal and non-verbal cues to help recruiters make informed decisions.
HireVue has made several strategic acquisitions to enhance its offerings:
CodeEval: Acquired in 2012 to add programming challenges for hiring developers.
AllyO: Acquired in 2020, a chatbot technology startup to improve candidate engagement.
Modern Hire: Acquired in 2023, further solidifying HireVue's position in the hiring technology Market.
HireVue has introduced several new features to enhance its functionality and user experience. One of the notable additions is the integration of conversational AI, which allows candidates to complete interviews via SMS and WhatsApp, making the process more flexible and engaging. This feature is designed to eliminate the need for downloading additional apps, thus simplifying the interview process for candidates.
HireVue emphasizes the importance of putting the "human" back in human resources. The company values innovation, customer passion, and a commitment to ethical AI practices. It aims to democratize the hiring process, ensuring candidates are evaluated fairly based on their skills and potential rather than just their resumes.
HireVue serves a diverse range of industries, including technology, finance, healthcare, and retail. The company has over 800 clients globally, including Amazon, Unilever, and various educational institutions. By 2023, HireVue had hosted more than 35 million video interviews and 200 million chat-based candidate engagements.
HireVue
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